Summary
Overview
Work History
Education
Skills
Accomplishments
Timeline
Generic

Sunil Kumar Somashekar

Dallas,United States

Summary

Detail-oriented tax professional with 12 years of extensive experience in preparing complex tax returns for individuals and multinational corporations. Adept at developing and implementing tax strategies to optimize liabilities and enhance compliance. Expertise includes 12 busy seasons, ASC 740 calculations, federal and state tax returns, and leveraging technology to streamline processes. Seeking to contribute a client-centric approach to a progressive firm.

Overview

13
13
years of professional experience

Work History

Tax Manager

Morris & D'Angelo
07.2023 - Current
  • Assisted with the preparation of quarterly and annual income tax accounting provisions under ASC 740 and disclosures
  • Developed and implemented tax planning strategies for a high-net-worth individual, resulting in a 20% reduction in their overall tax liability.
  • Managed a team of 4 junior tax staff/supervisors, providing guidance and training that resulted in a 15% increase in their productivity and accuracy.
  • Assisted in documenting the income tax provision (ASC 740) for U.S. GAAP financial reporting, including deferred tax calculations and valuation allowances.
  • Prepared related tax disclosures for statutory or GAAP financial statements and miscellaneous state and local tax filings.
  • Represented a client in an audit with the IRS, successfully negotiating a settlement that reduced their tax liability by 30%.
  • Developed and maintained relationships with clients to ensure their tax needs were met and identified opportunities for additional services.
  • Received appreciation from clients and partners for exhibiting exceptional client service.
  • Assisted Tax Director with accounting for income taxes in US and for International subsidiaries.

Senior Tax Specialist - Private Client Services

KPMG
01.2023 - 07.2023
  • Prepared, Reviewed & successfully filed 200+ US Individual tax returns and US corporate, estate, and trust tax returns.
  • Specialized in preparation of complex tax forms such as Estate tax return Form 706/706-NA, Form 5471, Form 3520/3520-A, reporting of PFIC's on F8621 and streamlined filing for delinquent clients.
  • Prepared US corporate federal and state tax returns - Form 1120, 1120F (including treaty-based), Form 1065, Form 1041.
  • Prepared and submitted IRS federal and state notice responses by providing relevant documents, resulting in 100% penalty reductions for clients.
  • Demonstrated managerial leadership by guiding workflow and dividing and assigning responsibilities across offshore/onshore teams.
  • Interviewed clients to obtain additional information on taxable income and deductible expenses and allowances.

Senior Cross-Border Tax Accountant

GGFL LLP
09.2020 - 10.2022
  • Prepared federal and multi-state tax filling for high net-worth individual(s), small to medium corporate, and partnership with assets ranging from $ 2 million to $10 million.
  • Provided a detailed tax technical training for entire US tax division on new rules & regulations, foreign tax credit calculation, sourcing schedule, CCH Prosystems etc.
  • Resolving tax inquiries/notices from both IRS and CRA, requesting transcripts online and proactive follow-up with clients.

Senior Tax Accountant

Durward Jones Barkwell & Company LLP
10.2018 - 04.2020
  • Participated in special projects such as shadow payroll calculation, preparation of Form 8854 for the renouncement of US Citizenship, application for withholding certificate Form 8288-B, Sales tax assessment and publishing of US & Cross border tax-related articles.
  • Identified new business opportunities during interaction with the client and utilize third-party software to prepare Form 1099 resulting in multiple client referrals and injection of additional income to the firm.

Senior Tax Accountant

Madan Chartered Accountants
01.2018 - 06.2018
  • Involved in a mainly client-facing role in conducting tax briefings for the clients.
  • Provided external research and analysis necessary to help develop and support ongoing client engagements.
  • Handled federal and state IRS tax notices, client database, and payment requests for clients.
  • Facilitated the complete tax return process from conducting initial tax briefing, creating engagement letters, providing tax advice, billing coupled with providing payment, and filing instructions.
  • Ensured timely preparation and submission of tax declarations, achieving a 100% on-time filing rate.

U.S. Tax Senior

Ernst & Young LLP
10.2012 - 11.2017
  • Handled complex VIP tax returns and maintained a database to ensure all out of scope activities were captured to bill the client accordingly.
  • Operated as a CCH tax software champion to resolve tickets raised internally.
  • Spearheaded the resolution of issues with newly implemented global organizers, acting as a "Golden Button Champion" to streamline tax workpapers during a critical busy season.
  • Managed a portfolio of over 150 tax returns.

Education

Master Of Business Administration (M.B.A.) - Finance

Dayananda Sagar University
Bangalore , India
09-2012

Bachelor Of Engineering - Electronics And Communication

Visvesvaraya Technological University
Bangalore, IN
09-2010

Skills

  • Tax Provision: ASC 740 (FAS 109), deferred tax calculations, effective tax rate analysis
  • Compliance: Expert in multi-state, local, and federal tax compliance and strategy for individuals, trusts, partnerships, and corporations SOX 404 compliance, federal and multi-state income tax compliance Skilled in client relations and resolving IRS matters
  • Tax Audits: Managing federal and state tax audits, preparing tax basis balance sheet reconciliations
  • Tax Technology: Proficiency with tax software like CCH ProSystem (Advance level), Taxprep, Go system, Ultra tax, Caseware, DocIt, Client Track, VPM

Accomplishments

    Enrolled Agent, 2025

Timeline

Tax Manager

Morris & D'Angelo
07.2023 - Current

Senior Tax Specialist - Private Client Services

KPMG
01.2023 - 07.2023

Senior Cross-Border Tax Accountant

GGFL LLP
09.2020 - 10.2022

Senior Tax Accountant

Durward Jones Barkwell & Company LLP
10.2018 - 04.2020

Senior Tax Accountant

Madan Chartered Accountants
01.2018 - 06.2018

U.S. Tax Senior

Ernst & Young LLP
10.2012 - 11.2017

Master Of Business Administration (M.B.A.) - Finance

Dayananda Sagar University

Bachelor Of Engineering - Electronics And Communication

Visvesvaraya Technological University

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